thestatedtruth.com | March 31, 2010
From The Wall Street Journal: At the root of governments’ problems today are promises made in past decades. As a group, state and local governments have promised an estimated $3.35 trillion in pension and health-care benefits to be paid over the next three decades, but are estimated to have 70% of the money to cover […]
thestatedtruth.com | March 31, 2010
 From The Wall Street Journal………………. Many private-company workers have seen their retirement accounts shrivel, while public-sector benefits have been relatively unscathed. Defined-contribution plans such as 401(k)s had $3.33 trillion in assets at the end of 2009, down 4% from $3.48 trillion in 2006, according to the Federal Reserve. Such accounts have lost value even […]
thestatedtruth.com | March 31, 2010
thestatedtruth.com | March 30, 2010
 By Dunstan McNichol March 30 (Bloomberg) — The two-year slide in tax collections that opened a $196 billion gap in U.S. state budgets has stopped, easing pressure on credit ratings and giving leeway to lawmakers as they craft spending plans for next year. The 15 largest states by population forecast a 3.9 percent gain […]
thestatedtruth.com | March 30, 2010
By David M. Levitt March 30 (Bloomberg) — Downtown Manhattan, where demand for office space began to surge three years after the 9/11 terrorist attacks, is about to lose its spot as the best- performing U.S. market. Vacancies may exceed 14 percent of the area’s 87 million square feet by late 2011, empty space that’s […]
thestatedtruth.com | March 29, 2010
thestatedtruth.com | March 29, 2010
Borrowing costs borne by Government increase dynamically as the cost of forward debt service jumps. As servicing debt consumes the bulk of the Federal budget, it becomes a crisis almost immediately. The bloating of Governmental services, help to the states, and concurrent reluctance on the part of major creditors, just adds to what is an […]
thestatedtruth.com | March 29, 2010
03/29/2010  “We have 3,500 nuclear weapons left over from the cold war we don’t need, they take 20 seconds to re-aim, we’re not afraid to use them, and by the way, they’re already aimed at you.†That is the approach James Baker III thinks America should take with Iran, Ronald Reagan’s Chief of Staff […]
thestatedtruth.com | March 29, 2010
thestatedtruth.com | March 29, 2010
The decline in the U.S. Â bee population, first observed in 2006, is continuing, a phenomenon that still baffles researchers and beekeepers.Data from the US Department of Agriculture show a 29 percent drop in beehives in 2009, following a 36 percent decline in 2008 and a 32 percent fall in 2007. This affects not only honey […]
thestatedtruth.com | March 26, 2010
thestatedtruth.com | March 26, 2010
Household Net Worth The typical household has a net worth of about $84,000, according to the Federal Reserve.  That’s down 30% since 2007, thanks to losses in stock portfolios and declining home values. For the 50% of families in the middle of the scale, household income ranges from $51,000 to $123,000 for a typical two-parent, […]
thestatedtruth.com | March 25, 2010
By John Gittelsohn  March 25 (Bloomberg) — More than half of U.S. borrowers who received loan modifications on delinquent mortgages defaulted again after nine months, according to a federal report. The re-default rate of loans modified in the first quarter of 2009 was 51.5 percent by the end of the year, the Office of […]
thestatedtruth.com | March 25, 2010
STEVE FORBES, Forbes.com “Fact and Comment†(3/25/10): Socialists believe that the way to paradise is for governments to own “the means of production.” Thus, decades ago even democratic countries such as France and Britain nationalized considerable swathes of their economies to achieve “social justice.” That didn’t work so well; therefore, since the days of Margaret […]
thestatedtruth.com | March 24, 2010
thestatedtruth.com | March 24, 2010
Gene Inger’s Daily Briefing . . . for Thursday March 25, 2010:  Good evening;  A looming trade war with China . . . superficially seems the least desirable tact, for both China and the United States. However, the trend has been building for a couple years now; as we’ve forewarned with respect to […]
thestatedtruth.com | March 23, 2010
 States Sue Over Healthcare Overhaul By Pat Wechsler  March 23 (Bloomberg) — President Barack Obama faces a fight over the health-care overhaul from states that sued today because the legislation’s expansion of Medicaid imposes a fiscal strain on their cash-strapped budgets. Florida, Texas and Pennsylvania are among 14 states that filed suit after […]
thestatedtruth.com | March 23, 2010
How the Middle Class Slowly Evaporated in the Last 40 Years – Loss of Manufacturing, Bank Deregulation, Hyper Consumption, and Short-term Profit Seeking from Wall Street. Posted: Tue, 23 Mar 2010 22:06:51 +0000 Some like to think that the middle class has always been a fixture of American society. In fact, the rise of a […]
thestatedtruth.com | March 22, 2010
States Rebel Against Washington The pushback against federal power began under Bush, but may now be accelerating. Atlanta There’s an old joke in South Carolina: Confederate President Jefferson Davis may have surrendered at the Burt-Stark mansion in Abbeville, S.C., in 1865, but the people of state Rep. Michael Pitts’s district never did. With revolutionary die-hards […]
thestatedtruth.com | March 22, 2010
I.M.F. Gives Debt Warning for the Wealthiest Nations BEIJING — The global economic crisis has left “deep scars†in the fiscal balances of the world’s advanced economies, which should begin to rein in spending next year as the recovery continues, the No. 2 official at the International Monetary Fund said on Sunday in Beijing. In […]
thestatedtruth.com | March 21, 2010
thestatedtruth.com | March 20, 2010
thestatedtruth.com | March 19, 2010
thestatedtruth.com | March 19, 2010
The current national average interest rate for credit cards is 14.56 percent yet they are offering clients who want to save 0.1% or even lower on their savings account. In business lingo this is what you call the margin and it is gigantic. This is why the banking system is fundamentally flawed. They borrow taxpayer […]
thestatedtruth.com | March 19, 2010
Saving and the restoration of the average family unit’s retirement coffers is what this is about. And in that case current and former officials should be encouraging building citizen savings; not just trying to return us as a nation to the irresponsible practices of the past, which would only help the Chinese economy more than […]
thestatedtruth.com | March 19, 2010
Military Priorities in Afghanistan  Gen. David Petraeus, commander of U.S. Central Command, testified before the House and Senate Armed Services Committees in Washington this week, saying that military progress in Afghanistan will be difficult this year. Afghan security officials recently have issued similar warnings, noting that the number of violent assaults is likely to […]
thestatedtruth.com | March 18, 2010
Mar 18, 2010 6:16 am US/Eastern NEW YORK (CBS) ― For hundreds of thousands of New Yorkers, the check won’t be in the mail — at least not on time. New York State has stopped paying tax refunds and won’t start again until next month. The tax refund delay is part of a bigger cash […]
thestatedtruth.com | March 17, 2010
By Tim Catts and Sarah Mulholland March 17 (Bloomberg) — SLM Corp., the largest U.S. student-loan company, raised $1.5 billion in the bond market, paying more than it charges some borrowers to begin addressing $11 billion of bonds maturing through next year. Sallie Mae, as the company is known, sold $1.5 billion of 8 percent […]
thestatedtruth.com | March 17, 2010
thestatedtruth.com | March 17, 2010
On this day in the year of our Lord 389, there lived a foin broth of a lad who was…. dependin’ on the boyographer ye read: a Spanish peasant, a French herdschild, a Celt from Bannavem or a Gael from Dumbarton, Scotland. At any rate, at age 16 this lad was kidnapped by pirates and […]
thestatedtruth.com | March 16, 2010
Pink Slips Sent To Thousands Of Calif. Teachers By ROBIN HINDERY, Associated Press Writer Monday, March 15, 2010 California’s budget crisis could cost nearly 22,000 teachers their jobs this year. State school districts had issued 21,905 pink slips to teachers and other school employees by Monday, the legal deadline for districts to send preliminary layoff […]
thestatedtruth.com | March 16, 2010
Moody’s fears social unrest as AAA states implement austerity plans The world’s five biggest AAA-rated states are all at risk of soaring debt costs and will have to implement austerity plans that threaten “social cohnesion”, according to a report on sovereign debt by Moody’s. By Ambrose Evans-Pritchard Published: 6:48PM GMT 15 Mar 2010 The US […]
thestatedtruth.com | March 16, 2010
Is It A Bluff Or Is It Battle Preparation? – Several blogs have picked up on reports that the U.S. may be transferring “bunker-buster bombs†to a base in the Indian Ocean. Here’s a part of a story in the Sunday Herald of Scotland: Hundreds of powerful US “bunker-buster†bombs are being shipped from California […]
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